FDI in Georgia Increased in 2017
According to National Statistics Office of Georgia (GEOSTAT), the total amount of foreign direct investments in 2017 in Georgia amounted to $1861.9 million dollars. This number has increased by 16.2% compared with the previous year.
The amount of FDI in Georgia varied from $1020.6 million USD to $1861.9 million USD. The lowest result showed were in 2013. Since then, this number has seen a steady increase. This can be considered as an indicator of the country’s development. Georgia is taking steps forward in economic growth and the expansion of foreign investors.
FDI refers to the flow of capital between countries. According to the United Nations Conference for Trade and Development (UNCTAD), FDI is an “investment made to acquire lasting interest in enterprises operating outside of the economy of the investor.”